By Mitchell Labiak2018-07-12T23:00:00
As landlords’ discontent about perceived misuse of CVAs by retailers grows, Mitchell Labiak canvasses experts’ opinions on how to reform the system
As some of the biggest names in retail fall victim to what has been called ‘the death of the high street’, CVAs have become an increasingly popular option. Toys R Us, Mothercare, House of Fraser and Carpetright are just some of the household names that have launched CVAs in a last-ditch effort to save themselves from financial ruin.
While the CVA is a popular and often necessary option for retailers, many landlords claim the practice is being misused and that they are shouldering a disproportionate burden relative to other creditors.
Property Week spoke to a range of legal and retail experts to get their views on how the CVA process could be reformed.
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